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TIPs Bulletin 14-08 highlights how the upcoming report-and-remit period is the second of a two-part process by the California State Controller’s Office.
Reminders and resources are provided regarding the UFS-1 form, correct listings of property owners, standard NAUPA II reporting (National Association of Unclaimed Property Administrators), paper reporting, remitting, and reporting to other states.
TIPs Bulletin 14-09 reviews how state-licensed/chartered credit unions must file IRS Form 990-Return of Organization Exempt from Income Tax, or file for an automatic three-month extension by May 15 (or by the 15th day of the fifth month after the credit union’s accounting period ends).
This bulletin includes helpful information surrounding the due date, exemption for federal credit unions, electronic filing, penalties, and other pertinent resources.
CUSO Rule Reminder
As a reminder, the National Credit Union Administration’s (NCUA) final rule to amend its credit union service organization (CUSO) regulation takes effect June 30.
The agency says the rule will increase transparency and address certain safety and soundness concerns.
LATEST POLICYWORKS NEWSLETTER
updated 06/21/16 08:04 AM
CFPB Adjusts Annual Thresholds
The latest PolicyWorks Newsletter is now available. Please check your email, or click here to access the PolicyWorks newsletter using your email address and League members-only password.
REGULATORY CHECKLIST TOOLS
updated 06/14/16 07:04 AM
Plus, eRegulations Updates Webinar
The Credit Union National Association (CUNA) has issued two compliance checklist tools to assist credit unions in their regulatory compliance efforts.